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Vancouver light industrial asset sold for $699 psf to owner-operator

Sale price worked out to $251 per buildable sq. ft.
1213-frances-street-vancouver
An owner-operator purchased this light industrial asset at 1213 Frances Street, Vancouver, on Dec. 28, 2023 for $4.9 million.

DEAL | Situated on 0.15 acres at 1213 Frances Street, Vancouver, this 7,011 sq. ft. I-2 zoned industrial property sold Dec. 28, 2023 for $4.9 million, just short of the asking price of $4,985,000. Sold as a vacant asset to an owner-operator. The corner lot includes fencing and secure loading. The price worked out to $699 psf and $251 per buildable.

PRICE | $4,900,000

FROM | Stuart Wright, Avison Young